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This year, CECIMO participated to the first online version of JIMTOF, the biggest machine tool fair in Asia, usually filling the entire facility of Tokyo Big Sight. CECIMO held a virtual booth, representing the European machine tool industry and ensured the possibility of international exchanges with other stakeholders in the machine tools industry and related technologies on an international level.
JIMTOF is one of the three biggest machine tool shows in the world alongside of EMO in Europe and IMTS in the Unites States. JIMTOF 2020 Online was held for 12 days from 16 to 27 November 2020 and 395 exhibitors (370 domestic exhibitors and 25 overseas exhibitors) from 9 countries and regions joined to present latest products and cutting-edge technologies.
CECIMO has a long-standing trade relationship with Japan, that is CECIMO's 7th export market outside of Europe and it is the top supplying foreign market for European machine tool manufacturers. In 2019, CECIMO exported 364 million euros worth of machine tool equipment to the Japanese market, an 11,4% increase against 2018 volumes (327 million euros). That same year, CECIMO machine tool imports from Japan reached 1,54 billion euros, signalling a decrease of -14% from 2018's record-setting 1,7 billion euros. It is worth noting that Japan alone accounts for 34,4% of CECIMO's imports from all markets outside of Europe. Overall, the Japanese machine tool industry, both metal cutting and metal forming branches, is a strategic partner of European machine tool builders and trade flow between Japan and CECIMO will continue to remain strong in the coming years.
Published: November 2020
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Joint venture established in 1987 by the European Commission (DG GROW) and the Japanese Government (METI) for promoting all forms of industrial, trade and investment cooperation between the EU and Japan.
